Rabobank adheres to the new ECB recommendation on dividend distributions
Rabobank will discuss with the ECB the prudence of any potential distributions in connection with Rabobank Certificates payable prior to September 30, 2021. This is in line with the ECB recommendation, as published on December 15, 2020. The discussions with the ECB could result in distributions that differ from the intended distributions according to the payment policy.
The ECB announced that significant credit institutions should consider not distributing any dividends or to limit such distributions until September 30, 2021. They recommend that during this period banks exercise extreme prudence when deciding on or paying out dividends. Given the persistent uncertainty about the economic impact of the coronavirus (COVID-19) pandemic a continued prudent approach remains necessary according to the ECB.
After finalizing the discussions with the ECB, Rabobank will determine in its full discretion any distributions on Rabobank Certificates. This could result in distributions that differ from the intended distributions according to the payment policy.
Rabobank continues to hold a solid capital position and a healthy Common Equity Tier 1 (CET1) ratio.
Rabobank will closely monitor further regulatory updates and recommendations, including the ECB’s announced evaluation of the economic situation and the possibility of dividend distributions after September 30, 2021.
Euronext Amsterdam and other trading venues may at any time change the trading mode for Rabobank Certificates after this and any future development. Further information about Rabobank Certificates and the trading mode as applied by Euronext Amsterdam is available on www.rabobank.com/certificates.